NEWS

Banking sector reforms – IMF endorses BoG approach

The International Monetary Fund (IMF) has stated that the country would have paid a costly price if the Bank of Ghana had not intervened to reform the banking sector. At a news conference in Washington DC in the United States as part of the ongoing IMF/World Bank Annual Meetings, the Director of the African Department at the IMF, Mr Abebe ...

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Akufo-Addo releases GHS2.2bn for road contractors

The Akufo-Addo government has released GHS2.2 billion through the Ministry of Finance for onward payment of debts owed road contractors “The good news does not end here”, President Nana Addo Dankwa Akufo-Addo said on Monday, 21 October 2019 when he cut the sod for the construction of the Obetsebi-Lamptey Interchange located on the Obetsebi-Lamptey roundabout. “The Ministry of Finance has ...

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NPP beats NDC in $135m Obetsebi flyover

The cost for the construction of flyovers or interchanges in the Accra Metropolis has sparked heated debate over which administration ensures value-for-money for projects. The ruling New Patriotic Party (NPP) is insisting that it has been able to cut the cost that will be involved in the construction of the Obetsebi Lamptey Interchange, unlike the then Mahama-led National Democratic Congress ...

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NDC congress turns bloody

Scores of the opposition National Democratic Congress (NDC) members who voted in the just-ended parliamentary primary at Ofoase-Ayirebi Constituency in the Eastern Region ended up sustaining injuries following a clash between the supporters of two aspirants. The Gyiwani D/A Primary/Junior High School located in between Ofoase and Ayirebi where the election was held was turned into a ‘war’ zone. Some ...

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They can’t instruct us on PDS – Kwabena Donkor urges government to snub MCC

Former Power Minister, Dr. Kwabena Donkor has backed government’s decision to abrogate the controversial Power Distribution Services (PDS) concession agreement with the Electricity Company of Ghana. He is therefore urging Ghana not to kowtow to the dictates of the USA’s Millennium Challenge Corporation (MCC) at the expense of the laws of Ghana. Speaking to Winston Amoah on 3FM’s Sunrise Morning ...

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Financial hardships cause of LGBT activities – Kufuor

Former President John Agyekum Kufuor has said the spread of Lesbian, Gay, Bisexual and Transgender (LGBT) activities in the country can be traced to financial hardships. He said population increase, coupled with the inability of the economy to sustain life in many ways, had led to hardships, as a result of which people tended to care more about survival than ...

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Council of State member Mogtar Shahanun dies at 74

A Member of the Council of State, Mogtar Shahanun has died, aged 74. JoyNews’ Upper West regional correspondent, Rafiq Salam reports he suddenly took ill and was rushed to the hospital where he was pronounced dead by doctors. He is expected to be buried Tuesday under strict Islamic tradition, the reporter said. The veteran statesman served as the first Regional ...

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Reinstate PDS by October 30 or lose $190m – US govt threatens Ghana

The US government is threatening sanctions against Ghana over the termination of the controversial Power Distribution Services (PDS) Ghana Limited deal with the Electricity Company of Ghana (ECG). Government in a letter dated October 18, 2019 to the Millennium Challenge Corporation (MCC) announced the termination of the agreement which came into effect on March 1, 2019, and saw PDS take ...

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NPP to hold presidential primaries April 2020

The governing New Patriotic Party (NPP) has set April 25, 2020 to hold presidential primaries for the general elections that year. The party will also hold primaries for constituencies with NPP MPs that year, a statement from the party announced Monday. The party has already elected candidates for constituencies where the party does not have  incumbent legislators. A statement by ...

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